AFC Gamma Inc. (NASDAQ:AFCG – Get Free Report) Director Leonard Tannenbaum purchased 14,366 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average cost of $2.59 per share, for a total transaction of $37,207.94. Following the completion of the acquisition, the director directly owned 6,328,192 shares of the company’s stock, valued at $16,390,017.28. This represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
AFC Gamma Stock Performance
Shares of AFCG stock opened at $2.61 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.45 and a current ratio of 3.45. The company’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $3.02. AFC Gamma Inc. has a one year low of $2.06 and a one year high of $6.38. The stock has a market capitalization of $61.41 million, a price-to-earnings ratio of -2.75 and a beta of 1.02.
AFC Gamma (NASDAQ:AFCG – Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). AFC Gamma had a positive return on equity of 0.99% and a negative net margin of 70.17%.The firm had revenue of $8.71 million during the quarter, compared to analyst estimates of $5.36 million. Equities analysts anticipate that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.
AFC Gamma Announces Dividend
Wall Street Analyst Weigh In
Several research firms have commented on AFCG. Zacks Research cut shares of AFC Gamma from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Weiss Ratings reissued a “sell (d)” rating on shares of AFC Gamma in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Sell” and a consensus target price of $4.50.
Check Out Our Latest Stock Analysis on AFCG
Key AFC Gamma News
Here are the key news stories impacting AFC Gamma this week:
- Positive Sentiment: Director Leonard M. Tannenbaum bought additional AFCG stock across three transactions (Mar 20, 23, 24), acquiring about 174,517 shares for roughly $447k total and raising his stake to ~6.37M shares (≈$16.5M). Insider purchases often signal confidence from management and can be supportive for the share price. SEC Form 4
- Neutral Sentiment: Short-interest data is inconsistent: a reliable report (as of Mar 13) showed short interest of 1,745,983 shares (≈9.9% of shares; days-to-cover ~5.7), which fell from late Feb levels — a positive for price stability — but multiple automated March 24 snapshots report 0 shorted shares (likely a data glitch). The conflicting feeds create uncertainty until exchanges/registrars confirm updated numbers.
About AFC Gamma
AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.
The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.
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